1301-1395 W Fort William St - Supermarket FOR SALE


Sylacauga, AL 35150
$6,025,000 USD
404-806-2408
1301-1395 W Fort William St, Sylacauga, AL for Sale
$6,025,000 USD
Supermarket - FOR SALE
1/8
null | 8.34% Cap Rate

1301-1395 W Fort William St
Sylacauga, AL 35150


HIGHLIGHTS

  • GROCERY ANCHORED CENTER WITH MINIMAL NEAR-TERM EXPIRATIONS | NEW HARBOUR FREIGHT LEASE
  • PRICED WELL-BELOW REPLACEMENT COST WITH LOW INPLACE RENTS
  • DOMINANT PROPERTY FUNDAMENTALS
  • VALUE-ADD POTENTIAL

OVERVIEW

As exclusive broker, Newmark is pleased to present for sale Fort Williams Square, a 104,409 square foot community shopping center in Sylacauga, Alabama. Anchored by a Piggly Wiggly supermarket, 85% of the property’s GLA is leased to national or regional tenants including Harbor Freight, Aaron’s and Furniture Masters. Moreover, Piggly Wiggly recently exercised its option to renew for five years demonstrating their commitment to the center. Fort Williams Square is strategically positioned at the corner, signalized intersection of US 231/280 and Fort Williams Street. Positioned less than a mile west of Coosa Valley Medical Center (263 beds) and a mile east of the Imerys quarry, Fort Williams Square benefits from its close proximity to the area’s primary employers. Furthermore, the subject property is located within a mile of a Walmart Supercenter, Home Depot, Publix, TJ Maxx, Hobby Lobby and many other national retailers. Combined with the center’s national tenant line-up and excellent fundamentals, Fort Williams Square is poised to provide investors with a robust cash flow for years to come.

FOR SALE DETAILS

PRICE

$6,025,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

8.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fort Williams Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

404

LAND DETAILS

CROSS STREETS

Fort William Rd

LAND ACRES

11.21 AC

LAND SF

488,308 SF

ZONING

C

APN/PARCEL ID

27-09-31-2-014-001.001

ASK ABOUT THIS PROPERTY

Sam MurphyNewmarkMore Info
404-806-2408

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Sam MurphyNewmarkMore Info
404-806-2408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.